The shipping market is continuously in depression, and the development of China's shipbuilding industry faces huge challenges, says a new report – 'China's Shipbuilding Industry 2013-17' published by Research & Markets.
In a newly-issued market research report, 'Report & Markets' finds that from January to September in 2012, the completion volume of China's shipbuilding was 41.58 million deadweight tons, with a decline of 18.5% YOY.
The volume of new ship orders was 15.41 million deadweight tons, with a decline of 46.9% YOY.
By the end of September 2012, the volume of reserve ship orders of China's shipbuilding enterprises was 120.9 million deadweight tons, with a decrease of 28.4% YOY, falling by 19.4% over the end of 2011.
From January to September in 2012, the completed ship export were 34.34 million deadweight tons, with a decrease of 20.2% YOY; the order volume of ship export was 12 million deadweight tons, with a decrease of 44.5% YOY; at the end of September 2012, the reserve orders of export ships of China's shipbuilding enterprises were 101.19 million deadweight tons, with a decrease of 27% YOY. The export ships separately accounted for 82.6%, 77.9% and 83.7% of completion volume, new order volume and reserve order volume of China's shipbuilding.
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